[Federal Register Volume 64, Number 127 (Friday, July 2, 1999)]
[Notices]
[Page 36068]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-16962]
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DEPARTMENT OF THE TREASURY
Fiscal Service
Renegotiation Board Interest Rate; Prompt Payment Interest Rate;
Contract Disputes Act
AGENCY: Bureau of the Public Debt, Fiscal Service, Treasury.
ACTION: Notice.
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SUMMARY: For the period beginning July 1, 1999 and ending on December
31, 1999 the prompt payment interest rate is 6.50 per centum per annum.
ADDRESSES: Comments or inquiries may be mailed to Eleanor Farrar, Team
Leader, Debt Accounting Branch, Office of Public Debt Accounting,
Bureau of the Public Debt, Parkersburg, West Virginia, 26106-1328. A
copy of this Notice will be available to download from the http://
www.publicdebt.treas.gov.
DATES: This notice announces the applicable interest rate for the July
1, 1999 to December 31, 1999 period.
FOR FURTHER INFORMATION CONTACT: Stephanie Brown, Debt Accounting
Branch Manager, Office of Public Debt Accounting, Bureau of the Public
Debt, Parkersburg, West Virginia, 26106-1328, (304) 480-5181, Eleanor
Farrar, Team Leader, Debt Accounting Branch, Office of Public Debt
Accounting, Bureau of the Public Debt, (304) 480-5166, Edward C.
Gronseth, Deputy Chief Counsel, Office of the Chief Counsel, Bureau of
the Public Debt, (304) 480-3692, or Kavita Kalsy, Attorney-Adviser,
Office of the Chief Counsel, Bureau of the Public Debt, (304) 480-3682.
SUPPLEMENTARY INFORMATION: Although the Renegotiation Board is no
longer in existence, other Federal Agencies are required to use
interest rates computed under the criteria established by the
Renegotiation Act of 1971 Sec. 2, Pub.L. 92-41, 85 Stat. 97. For
example, the Contract Disputes Act of 1978 Sec. 12, Pub.L. 95-563, 92
Stat. 2389 and the Prompt Payment Act of 1982 Sec. 2, Pub.L. 97-177, 96
Stat. 85 provide for the calculation of interest due on claims at a
rate established by the Secretary of the Treasury pursuant to 31 U.S.C.
3902(a).
Therefore, notice is given that, the Secretary of the Treasury has
determined that the rate of interest applicable, for the period
beginning July 1, 1999 and ending on December 31, 1999, is 6.50 per
centum per annum. This rate is determined pursuant to the above
mentioned sections for the purpose of said sections.
Dated: June 29, 1999.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 99-16962 Filed 6-29-99; 4:45 pm]
BILLING CODE 4810-39-P
